Pie Corporation acquired 75 percent of Slice Companys ownership on January 1, 20X8, for $96,000. At that date, the fair value of the noncontrolling interest was $32,000. The book value of Slices net assets at acquisition was $92,000. The book values and fair values of Slices assets and liabilities were equal, except for Slices buildings and equipment, which were worth $18,400 more than book value. Accumulated depreciation on the buildings and equipment was $24,000 on the acquisition date. Buildings and equipment are depreciated on a 10-year basis. Although goodwill is not amortized, the management of Pie concluded at December 31, 20X8, that goodwill from its purchase of Slice shares had been impaired and the correct carrying amount was $2,600. Goodwill and goodwill impairment were assigned proportionately to the controlling and noncontrolling shareholders. Trial balance data for Pie and Slice on December 31, 20X8, are as follows:

	Pie Corporation									Slice Company
Item	Debit				Credit					Debit				Credit
Cash		$	55,500								$	30,000
Accounts Receivable			88,000									21,000
Inventory			108,000									34,000
Land			34,000									24,000
Buildings & Equipment			358,000									166,000
Investment in Slice Company			104,070
Cost of Goods Sold			118,000									103,000
Wage Expense			39,000									23,000
Depreciation Expense			23,000									8,000
Interest Expense			10,000									2,000
Other Expenses			11,500									3,000
Dividends Declared			32,000									15,400
Accumulated Depreciation						$	129,000								$	32,000
Accounts Payable							28,000									9,000
Wages Payable							10,000									5,000
Notes Payable							227,450									109,400
Common Stock							199,000									54,000
Retained Earnings							101,000									38,000
Sales							267,000									182,000
Income from Slice Company							19,620
		$	981,070			$	981,070				$	429,400			$	429,400

b. Prepare a three-part consolidation worksheet for 20X8. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.)